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TOPIC: BP - BP.L

BP - BP.L 12 Nov 2023 12:12 #1

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BP - Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Vh7jpX37JQ3hqZWM4%3D

Daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...1bwUVPf4z9HsmGw3g%3D

This looks like its in spot of bother. Broken below a log term main up trend line from 2021.
It could be a bear trap...so a break below key suppot around 447/450p area is needed to confirm.

If that level fails...will look to see how low this could possibly go.. ;)

atb, wdik,dyor,
trendfriend :)
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BP - BP.L 02 Jul 2022 11:15 #2

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Some more charts on BP...
I been trading the channel.. latest buying at 373 ...and getting out higher....
THoughts welcome...

Ta
G
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BP - BP.L 15 Jun 2021 16:27 #3

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This has started to breakout of a major resistance level.
also cup and handle formation breakout.


Information Purposes Only, Do Your Own Research
remo
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BP - BP.L 10 Jun 2021 15:50 #4

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THis looks easily going higher ...
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BP - BP.L 28 Apr 2021 00:15 #5

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bp. - daliy.
uk.advfn.com/p.php?pid=chartscreenshotsh...Ytu+AucUBLemxUY6wNE=

Sometimes a stock is just not doing anything....just drifting sideways ...ZZzzzz :whistle:
Traders using cfd's may look at the range between 290p and 310p and scalp away at that... ;)
Its been stuck in that range for 6 weeks or so.

If i'm going to make a call here it would be for this to eventually drop back to 250p.
Longer term i think this will make another lower low....so below 185p imvho... :pinch:

The resistance seems very strong in the low 300's here...so a break above could see a new rally....but that looks unlikely imvho...

atb, wdik,dyor,
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BP - BP.L 23 Mar 2021 12:56 #6

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Would it bounce of 291 , which is 50 dma or 271 which is 200 dma?
or will it bounce off the trendline.... tempted to buy at 270 for sure...

ta
G
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BP - BP.L 16 Feb 2021 20:46 #7

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Looks like there is a gap in the daily at 262 in case you want to get back in! I was waiting for 250 myself!!
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BP - BP.L 15 Feb 2021 22:24 #8

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I always know, when I think I am smart and get out, lol it just goes booom lol
I had around 10K £ worth BP in 250s , lol..

Thanks for the charts TF....
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BP - BP.L 15 Feb 2021 22:11 #9

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...k2TTvtFuLFy68dDxo%3D

does look like a strong island reversal today... :ohmy:
looks almost identical to the setup in dec Jan. This looked to be in trouble until todays strong move.

I think in light of todays move higher while above the 50 day ema line currently at 269.40 this should retest the highs....around 310p.

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 15 Feb 2021 15:25 #10

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Medic,
Sold at 276p today..
Not sure if I jumped the gun...
Looks like it could go higher
Ta
G
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BP - BP.L 09 Feb 2021 12:08 #11

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Waiting to see if it can get past the gap in 260s....
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BP - BP.L 08 Feb 2021 23:28 #12

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Looks like your punt paid off Paitech! When do you plan to sell?
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BP - BP.L 08 Feb 2021 08:52 #13

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Totally agree with you TF.
I have been very good with following plan, but sometimes when I see markets just keep going up,tempts me to break the rules...
Thanks for your comments
I think I am still struggling to read the charts properly
Ta
G
Last Edit: 08 Feb 2021 08:54 by Paitech.
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BP - BP.L 08 Feb 2021 07:52 #14

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh.../3wcGbblQmwJmC5vCWc=

Looking at this closely....the more i look at it....the more bearish it seems to look imvho. :pinch: :ohmy:

See the two gaps lower....one effectively below the key 200 day ema line....
the second gap lower as it was fighting to hold on to the 50 day ema line... ;)
Now it seems to be hanging around the 250p support area.....never a good idea to retest a support.... ;)

The rsi....is also below the 50 neutral level which is also indicative of more downside...
Seems to stock specific....as the main markets and crude have been doing ok..... :unsure:

Lets see....i think 170p looks very possible here...if it loses 250p and stays below that number...

I think caution here with bp.....imho
I see what you say to add more if it drops.....something i used to do quite often....but it rarely works out well....
Personally i'm trying to change the why i trade....
i'm making an effort not to ave down on losers....and trying to avoid stocks that are not technically bullish....
Instead looking to add to winners into strength ;) :whistle:
That way i would on the right side of momentum...(hopefully anyway)

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 05 Feb 2021 13:41 #15

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Took a punt, lets see how it plays out :D
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BP - BP.L 04 Feb 2021 22:11 #16

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bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...MZXNL73slXYvLKE34%3D


either 400p or 170p....one of those should get hit :whistle:
This is a long term bearish stock....no real evidence its turned bullish imho....the recovery rally seems to be stalling....
it could still continue higher and 410p can happen...it needs to hold 250p and push above 312p or 400p.

If 250 breaks then 170p is possible while below 250p....

lets see..
atb, wdik
trendfriend :)
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BP - BP.L 04 Feb 2021 09:26 #17

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Almost pressed buy button yday at 251p.... If it goes down I could buy more, and if it goes up, i can sell in profit.. but I didnt :)

Happy trading all.
ta
G
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BP - BP.L 02 Feb 2021 21:32 #18

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bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...bHi3hC9BfuBogRw9A%3D

this is under pressure.....250p may hold....but any longs need tight stops imvho.
If 250p fails....sub 200p possible imvho.

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 06 Jan 2021 18:34 #19

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Totally CENSOREDting me, not buying, when I had almost pressued buy at 250s!!!
Its broken 200dma with huge surge!
The opec news , plus news from saudi, plus Brent hitting 55$ ....
Attachments:
Last Edit: 06 Jan 2021 18:36 by Paitech.
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BP - BP.L 06 Jan 2021 13:58 #20

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That’s annoying but sure they’ll be another chance.

On reflection some of my recent bad trades/missed opportunities have been down to letting ‘news’ influence my decisions rather than just listening to the charts.
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BP - BP.L 06 Jan 2021 13:33 #21

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Nope, I didn't....
Read an article by someone,who said,it may go to 220p !!!
My charts were right, and I should have followed my thoughts!!!!
It's broken above 200dma now!!!
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BP - BP.L 06 Jan 2021 11:10 #22

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Did you take a position when this dropped back again Monday Paitech?

Oily’s flying today, GKP is up >10% just today. ?!?
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BP - BP.L 22 Dec 2020 10:29 #23

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Did I miss the buy yday?
It bounced off the trenline at 250 , plus on 100dma..

Charts
Attached...
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BP - BP.L 01 Dec 2020 01:17 #24

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Looks like BP is heading down again?
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BP - BP.L 11 Nov 2020 09:54 #25

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I had 3 positions, all 10k£ each.
190 and 196p sold at 203p

Position from 203p, sold today at 248p....

Plus I shall get the dividends too
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BP - BP.L 11 Nov 2020 07:34 #26

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bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...mbDi+In+YMvBVTjkddA=

nice trade Paitech!
me too...should have tucked some away... but that's how it is... :whistle:
this has broken above some key levels...the down trendline and the 50 day ema line....around 228p.
Should now form the basis for further upside towards the 200 day ema line around 300p

bp - daily (rsi)
uk.advfn.com/p.php?pid=chartscreenshotsh...cNZ3uLpHYTzfQq7vc%3D

while this should rally higher....it could well consolidate a tad around here imho...
see the zoomed in rsi from 2019....this doesn't like 70 on rsi...when it hits around the 70 level we see a p/b....
maybe a consolidation towards 228p?? then higher??

lets see...

atb, wdik, dyor,
trendfriend
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BP - BP.L 11 Nov 2020 07:14 #27

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I missed this jump. I'm looking to get in when it drops. Hopefully around the 222 to 205 area. 193 looks like the bottom now with the vaccine news
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BP - BP.L 11 Nov 2020 06:40 #28

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BP charts attached...

I should try to sell this if I get a chance, today, not sure if it can go 250, 266 was target but maybe too far to break yet

Chart attached.
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BP - BP.L 09 Nov 2020 16:00 #29

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Do I hold these babies or sell?
233p now
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BP - BP.L 02 Nov 2020 20:14 #30

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Sold my two positions, from 190p, and 196p, at 203.85.
I still hold another position from 203p
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BP - BP.L 27 Oct 2020 17:59 #31

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bp- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...4SX1DhOFqjJU1R4OpCo=

Didn't buy here after all...was tempted and after missing out on a nice bounce over at rolls royce...was very close to buying but this never really looked convincing during the mini bounce we did get.

I would say caution with this now imvho....if the red support line fails around 195p....could well open the door for a final drop towards 150p.... :evil: :ohmy:

atb, wdik, dyor,
trendfriend
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BP - BP.L 23 Oct 2020 00:24 #32

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bought bp at 196p today and some at 203p yday.....
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BP - BP.L 15 Oct 2020 21:50 #33

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...9HJfIwq6id3d%2Fw4%3D

first sign in a while of a possible rally coming up.... ;) ;)
positive divergence on the rsi.

could well be just a short term bounce and then another low....
Either way if you are fan of the stock may well be worth buying some here...but keeping in mind that this could go lower to to the 160's/170's imho...so stop below there...

I think i may well get my first buy here tomorrow and add if it goes lower... ;)
lets see...

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 05 Oct 2020 08:34 #34

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Thanks TF.
I hold some with a loss now, but I will add once it goes bit lower....
Have a good day
ta
G
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BP - BP.L 04 Oct 2020 13:58 #35

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bp. daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...DfDtyIMmzcnPC+oaeFs=

short term daily shows a target at about 165p.

bp- weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...IL6d2Dh0YEN/cmggXIs=

long term weekly shows a target at about 180p area....

so between 165p and 180p if we do go there! :whistle: for a long term buy opportunity. ;)

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 30 Sep 2020 22:07 #36

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bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...WirvFr%2FFc5e73v0%3D

this has come back to retest the low of the crash.....will it hold and bounce or make a l/low? :whistle:
I think we could well see a bounce now....even if its only a short lived one... ;)
The rsi is below 30...

Can do a lot worse than buying bp at 225p......even with a reduced divi it returns around 7% at these levels....

question is will it go lower?
i honestly think it will....i'm waiting to see if this gets to 185p area....which was the target here from a while back... ;)
lets see...

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 30 Sep 2020 18:38 #37

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TF,
I am really tempted to buy some BP.its around 225p today.
What do you think....I have no idea why this is going down even compared to FTSE
Ta G
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BP - BP.L 21 Sep 2020 20:02 #38

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This one too has broken down... and currently near 230s....
I did buy a long position, being over confident of a bounce, without a stop loss :)
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BP - BP.L 27 Aug 2020 17:55 #39

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bp - daily.

uk.advfn.com/p.php?pid=chartscreenshotsh...LqEq13+TwCHGpXB043M=

possibly this has closed at a key gap support level.....will it hold?
it could do a gap fill and bounce?
i would say caution with this imvho.....the main markets have been strong (US indices) and ftse has been trading sideways.....but this stock has been falling....

bp - daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...DORwT7RqrdKsIy3wWAU=

the longer term chart trend channel points to a possible drop ss low as 180p :whistle: ;)

lets see..

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 27 Aug 2020 11:13 #40

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HI TF,
I am thinking of adding a long at 258p...
I hold few from higher values too though

ta
G
BP-Daily-27082020.jpg
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BP - BP.L 09 Jul 2020 16:21 #41

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Looks time for a revisit on this
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BP - BP.L 26 Mar 2020 23:46 #42

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...X1ueR0CwN7soOD8n4%3D

this near enough hit its target with a low of 223p.... B)
Off course could have done a lot worse than buying near the low....but have we now missed the boat?

Maybe but at the very least this should come back from this gap resistance...to make a higher low....possibly to around the 260p area...
From there if we get a h/high....then bulls are back....but a lower low....then it should go a lot lower...

wait and watch imvho....

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 12 Mar 2020 13:00 #43

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200~220 is where it went with gulf emexico issue.
Love to top up at that area for long term
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BP - BP.L 12 Mar 2020 06:25 #44

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bp - monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...YU1mxr57n1caS2AIiPI=

Monthly very long term chart here....this has been making lower highs for some time....
Need weekly close on end of week closing basis below 298p to open possible move as low 200/220p imvho.... :evil: ;)

very strong stock....so may not go that low during this bear phase....but lets see

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 09 Mar 2020 11:05 #45

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I had to sit on my hands, this morning, Shell at £12.50 and BP at £3.

I hope it was correct. :unsure:
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BP - BP.L 09 Mar 2020 06:36 #46

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XFXreJdLd1hDWyAsekk=

this has looked bearish for a while now....nothing to really stop this falling to the key 300p imho...during this current reversal.....
atb, wdik, dyor,
trendfriend :)
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BP - BP.L 25 Feb 2020 08:10 #47

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bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...EpzuljZuTfFoo29K5oc=

This has hit the key 438p support level(see chart below from 3 dec)
it has also gapped and broken below the Aug trend channel/triangle....

This needs to hold 438p...or its in real trouble...more down to come imvho...

atb, wdik, dyor,
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BP - BP.L 03 Dec 2019 17:44 #48

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bp - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...EzLNMtrPFIIKBiIUG6A=
this is making its way down nicely. i think via a few small dead cat rallies make its way to 438p....before a decent bounce.

I may well get tempted for some around that area...lets see..

atb, wdik, dyor,
trendfriend :)
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BP - BP.L 04 Oct 2019 11:52 #49

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bp - daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...8snTETY+w9tg+aH+4do=

does look like a clear break of the main up trendline here imho...

The very least should hit 450p....possibly even lower imho ;)

lets see...

atb, wdik, dyor,
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BP - BP.L 14 Nov 2018 11:09 #50

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Well this looked like it was going to fly away not that long ago... :side:

It has really been dumped recently....
Crude oil...has been moving down through Oct/Nov....usually strong months for crude...

while we may get a rally on crude...and hence oil stocks...as both are very oversold.
i think the upside may well be limited...just a oversold rally...then down again maybe? :ohmy:

I think caution on oil stocks...over the coming months may not be a bad idea imvho...

atb, wdik, dyor,
trendfriend :)
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